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Beyond Meat Inc - Statistics and Facts

Beyond Meat offers a portfolio of innovative plant-based meats designed to simulate chicken, beef, and pork. The multinational company is based in California, United States, and was founded in 2009. Since then, it has expanded to the entire U.S. market and several international markets. Currently, Beyond Meat is the leading alternative protein company based in the United States. Beyond Meat’s global market value is estimated to be nine billion U.S. dollars.

Beyond Meat in profile

Beyond Meat's net revenue has reached over 400 million U.S. dollars. Most of the company’s revenue came from its fresh products as opposed to its frozen offerings. Beyond Meat is not only a big player in retail. As more restaurants and caterers started serving Beyond Meat products, revenues from restaurants and food services grew exponentially. However, due to the pandemic, the importance of out-of-home consumption has declined sharply and with it, the share of Beyond Meat’s net revenue made up by this distribution channel.

The plant-based market

As more consumers are choosing plant-based products for their protein intake, the market for meat substitutes increased, a trend projected to continue in coming years. The audience for meat substitute products often includes vegetarians, vegans, people following religious dietary laws, and consumers cutting down on meat consumption for other reasons. Especially among the latter group, taste and texture similarities to meat are major reasons why plant-based protein sources are selected. Industry experts forecast the global consumption of meat replacements to amount to a quarter of the total meat and meat alternatives market in 2040.

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